7.1 Assuming that the demand curve for cars in this new market is negatively sloped and unchanging, explain the economic reasoning behind the prices and prots shown in each cell in the payoff matrix. 7.2 Wiat is the cooperative outcome in this game? Is it likely to be achievable? Explain. 7.3 What is Honda's best action? Does it depend on Toyota's action? 7.4 What is Toyota's best action? Does it depend on Honda's action? 7.5 Wiat is the non-cooperative outcome in this game? Is it Nash equilibrium